RTTNews - Japan is scheduled to release July numbers for inflation and unemployment, setting the pace for a busy day in Asian economic news.
Overall nationwide inflation is expected to fall 2.2 percent on year following the 1.8 percent annual contraction in June. Minus fresh food, inflation is predicted to shed an annual 2.2 percent after losing 1.7 percent on year in the previous month. Without food and energy, inflation is forecast to ease 0.8 percent on year after losing an annual 0.7 percent a month earlier.
Tokyo inflation for August, considered a leading indicator for the national figure, is tipped to retreat 1.8 percent on year - the same as the previous month. Minus food, inflation is called lower by an annual 1.8 percent after the 1.7 percent annual contraction in June. Without food and energy, inflation is expected to fall an annual 1.2 percent after the 1.1 percent fall on year in the previous month.
The unemployment rate is expected to climb to 5.5 percent, up from the current 5.4 percent. The job-to-applicant ratio is expected to hold steady at the record low 0.43. Household spending is forecast to decline 0.6 percent on year after adding an annual 0.2 percent in June.
South Korea will announce current account numbers for July, with analysts expecting a surplus of $4.2 billion. That's down from $5.4306 billion in June.
Thailand will provide foreign reserves data for the week ended August 21. Forecasts call for an increase of 124 percent on year following the 123.7 percent annual expansion in the previous week.
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